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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9722516 times)
BiteMyShinyMetalAss
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October 21, 2015, 07:41:36 PM

Masternodes are what interests me the most about DASH...

How much could I make running 10 MASTERNODES for one year?

How much in DASH or btc ?

15%

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TanteStefana2
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October 21, 2015, 07:42:22 PM

Quote from: your name
sourceLocked-why

Because Shelby thinks differently than most people, and decided to lock his unmoderated thread while simultaneously keeping it bumped by himself.

In order to compensate for the eccentricity, I had to form the quotes manually.

Personally I'm a little offended you didn't have the brain cells to piece this together, but this is btctalk, logic is involved, lots of things are going on, and all so I get it. Don't worry I'll let you cuban cigar and everything though.

No grand conspiracies here, other than the obviously enthralling name, doublewrite, shining the lights on cockroaches, occasional venting, the realization that fat people aren't always addicted to eating, but rather the endorphin-fueled hour long high after defecation that I've decided to successfully link to the idea that most people here aren't addicted to altcoins, but instead losing money.

I get it, that's all. I don't hate you, I hate your condition, so never change Tongue

Oh, no no no, I'm definitely addicted to eating, especially sugar and chocolate.  I have no reason to wonder why I'm fat.  It's quite obvious, LOL.

Another proud lifetime Dash Foundation member Smiley My TanteStefana account was hacked, Beware trading
"You'll never reach your destination if you stop to throw stones at every dog that barks."
Sir Winston Churchill  BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d
Blazin8888
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October 21, 2015, 07:46:36 PM

Masternodes are what interests me the most about DASH...

How much could I make running 10 MASTERNODES for one year?

How much in DASH or btc ?

15%


Please someone explain this
r4vani
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October 21, 2015, 07:47:37 PM

When will we see a $25-50 price in DASH?


1. 12 months or less

2. between 2 -5 years

3. 5 + years

I don't want to be rude but this is ridiculous question.

The question for you. Do you know anybody who know the future?  Wink

satoshi would have thought that one day every Bitcoin 1 thousand dollars?

Nobody knows about the future  Roll Eyes

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moocowmoo
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October 21, 2015, 07:53:03 PM

How much could I make running 10 MASTERNODES for one year?
15%
Please someone explain this

after overhead, a masternode earns approximately 15% or 150 dash per year.

tips: XmoocowYfrPKUR6p6M5aJZdVntQe71irCX | identity: https://keybase.io/moocowmoo
service: https://masternode.me -- The first automated masternode service. Ugly website, stellar uptimes and hands-on support. Over 150 nodes with 300+ days uptime!
BitWater
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October 21, 2015, 07:56:41 PM

How much could I make running 10 MASTERNODES for one year?
15%
Please someone explain this

after overhead, a masternode earns approximately 15% or 150 dash per year.

Which at the moment is close to 300 USD. Still a better interest generating tool than anything in the mainstream markets currently. The stability helps with that too. With 20 Mns that could get you 3650 DASH, 3 more masternodes, and it just compounds after that. That would be 8687 dollars a year at that rate.

I'm getting closer to 182 DASH a year per node.

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October 21, 2015, 07:58:19 PM

How much could I make running 10 MASTERNODES for one year?
15%
Please someone explain this

after overhead, a masternode earns approximately 15% or 150 dash per year.

so 10 masternodes would get me about 1500 dash per year?
Auxi
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October 21, 2015, 07:59:05 PM

How much could I make running 10 MASTERNODES for one year?
15%
Please someone explain this

after overhead, a masternode earns approximately 15% or 150 dash per year.

so 10 masternodes would get me about 1500 dash per year?
10000 x 0.15 = 1500 DASH
yes(you could set a new mn and earn 5% more)(10000x0.15)+(1000x(0.15/3))=1550
BitWater
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October 21, 2015, 07:59:34 PM

How much could I make running 10 MASTERNODES for one year?
15%
Please someone explain this

after overhead, a masternode earns approximately 15% or 150 dash per year.

so 10 masternodes would get me about 1500 dash per year?

Roughly yes. You also make enough to open a new masternodes too, adding additional income.

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splawik21
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October 21, 2015, 08:03:54 PM

Masternodes are what interests me the most about DASH...

How much could I make running 10 MASTERNODES for one year?

How much in DASH or btc ?

15%

Please someone explain this

Check http://178.254.18.153/~pub/Darkcoin/masternode_payments_stats.html for more info....

0.6 dash/day/MN
365*0.6 = 219 dash (optimistic version) - vps costs... - assuming the growing MN count it can be a bit lower....

BE SMART, USE DASH ( ͡° ͜ʖ ͡°)
illodin
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October 21, 2015, 08:05:03 PM

You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.

AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
Auxi
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October 21, 2015, 08:07:42 PM

You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.

AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
if the NSA is interested in "attack" DASH is because their volume is high, so the price they pay dont be 1.7 million, maybe 170!
ddink7
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October 21, 2015, 08:16:21 PM

You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.

AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
if the NSA is interested in "attack" DASH is because their volume is high, so the price they pay dont be 1.7 million, maybe 170!

If the NSA is interested in attacking Dash, then yes, they could afford to. Likewise if a state-actor like the NSA was to attack Bitcoin, or PayPal, or frigging JP Morgan Chase Bank...not many institutions are safe from a well-funded state-actor. Cryptocurrency in general, and Dash in particular, are no exceptions.

Dash - Digital Cash
https://www.dash.org/
asepticskeptic
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October 21, 2015, 08:17:22 PM

You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.

AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
if the NSA is interested in "attack" DASH is because their volume is high, so the price they pay dont be 1.7 million, maybe 170!

Maybe they'll just forego all worries and dump all yearly budgeted military spending on buying dash?

So, 1,235,000 million?

Yeah, buy things not solve things!

Let's try to act overexcited as well.

http://www.usgovernmentrevenue.com/current_revenue

Think of the dank profits.
Blazin8888
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October 21, 2015, 08:21:09 PM

DASH. Just flows off my lips perfectly. DASHHHHH. Love it
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October 21, 2015, 08:24:29 PM

You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.

AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
if the NSA is interested in "attack" DASH is because their volume is high, so the price they pay dont be 1.7 million, maybe 170!

Maybe they'll just forego all worries and dump all yearly budgeted military spending on buying dash?

So, 1,235,000 million?

Yeah, buy things not solve things!

Let's try to act overexcited as well.

http://www.usgovernmentrevenue.com/current_revenue

Think of the dank profits.

That would be amazing to get a fraction of that money incoming into DASH!

‾‾‾‾‾‾‾‾‾       WhitePaper       ‾‾‾‾‾‾‾‾‾       Vena Network       ‾‾‾‾‾‾‾‾‾       Announce       ‾‾‾‾‾‾‾‾‾
―――――       Luoshu Agreement - an Open Agreement For Asset Financing and Tokenization       ―――――
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oaxaca
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October 21, 2015, 08:34:54 PM

Masternodes are what interests me the most about DASH...

How much could I make running 10 MASTERNODES for one year?

How much in DASH or btc ?

15%


Please someone explain this

Number of Blocks per day = 576
Number of Masternodes   = 3231
Block Reward = 45% (current estimate is roughly 3.34 DASH)

The math is:   (576 x 3.34) / 3231 = .595 DASH per day per masternode

Then subtract operating costs.  The complete latest and greatest lives here:

http://178.254.18.153/~pub/Dash/masternode_payments_stats.html
patrolman
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October 21, 2015, 08:35:44 PM

You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.

AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
if the NSA is interested in "attack" DASH is because their volume is high, so the price they pay dont be 1.7 million, maybe 170!

Maybe they'll just forego all worries and dump all yearly budgeted military spending on buying dash?

So, 1,235,000 million?

Yeah, buy things not solve things!

Let's try to act overexcited as well.

http://www.usgovernmentrevenue.com/current_revenue

Think of the dank profits.

That would be amazing to get a fraction of that money incoming into DASH!

I'm not sure the "defense" contractors would be happy with that though. You never know, it might be possible to divert a small fraction without too much of a fuss.
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October 21, 2015, 08:37:00 PM

I was thinking this morning about the differences between Satoshi's work and Evan's. Satoshi built on the work of HashCash and others, while Evan obviously built on the work of Satoshi. Both are brilliant and made (are making) extremely important contributions to the field:

Satoshi had the idea to use blockchains and proof of work to solve the Byzantine General's Problem. This made double-spends (the bane of all prior attempts at digital currency) impossible without the collusion of a majority of miners.

Evan built on this idea but went further, creating a two-tier network. He used this two-tier structure to solve the problem of sharding. Proof of work blockchains are necessarily slow and can only process relatively few transactions per second, because every node on the network has to process every transaction. Sharding solves this inefficiency by using quorums of masternodes to "lock" transactions while they wait to be put into a block. Evan has done it with InstantX, and is now working on making all transactions essentially InstantX by default.

To quote Peter Todd, InstantX is "a copy of GreenAddress in the same way a cargo cult's bamboo runway is a copy."

A "two-tier network" is a step backwards from Bitcoin's trust-free P2P system.

Why?  Because trusted third parties (aka masternodes) are security holes, not features.

http://szabo.best.vwh.net/ttps.html

Also, artificially raising the cost of full node creation by 1000 DASH is an absolute disaster for decentralization.

http://www.truthcoin.info/blog/measuring-decentralization/


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whether we have a dictatorship or a real democracy." 
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RUstoned
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October 21, 2015, 08:40:51 PM

DASH. Just flows off my lips perfectly. DASHHHHH. Love it

You're such a boring trolllllll!
Go make your advertising elsewhere!
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